Tag: government budget and taxation

Question 1

Multiple choice social science government and taxes types of tax types of taxes government budget and taxation

The tax levied on the interstate trade of goods is _____.

sales tax
excise tax
service tax

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Answer

central sales tax

Question 2

Multiple choice social science government and taxes types of tax types of taxes government budget and taxation

Consider the following statements and identify the right ones.
I- Wealth tax is collected from productive as well as unproductive assets
II- Estate duty was a type of large estates

Only I
Only II
Both
None

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Answer

corporation tax

Answer

All the above

Answer

Wealth tax

Answer

Ad valorem taxes

Answer

It is imposed by the central government but collected by the state government and handed over to central govt.

Answer

Arun Goyal

Answer

Stamp duty

Question 3

Multiple choice social science government and taxes types of tax types of taxes government budget and taxation

The tax on net income of companies is _______.

personal income tax
interest tax
wealth tax

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Question 4

Multiple choice social science government and taxes types of tax types of taxes government budget and taxation

Which of the following taxes is/are withdrawn or abolished?

Interest tax
Estate duty
Gift tax

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Question 5

Multiple choice social science government and taxes types of tax types of taxes government budget and taxation

The most important source of revenue to the states is _______.

sales tax
service tax
excise duty
none of the above

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Question 6

Multiple choice social science government and taxes types of tax types of taxes government budget and taxation

_________ is an example of direct tax.

Excise duty
Sales tax
Gifts

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Question 7

Multiple choice social science government and taxes types of tax types of taxes government budget and taxation

When tax is charged on the basis of value of the goods being taxed it is called __________.

CENVAT
tariff value
regressive tax

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Question 8

Multiple choice social science government and taxes types of tax types of taxes government budget and taxation

Which of the following is NOT true about indirect tax?

Wealth tax is direct tax
In the budget of 2016-17, income tax collection was more than non tax revenue
In the budget of 2016-17, income tax collection was 14% of total revenue of the central government

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Question 9

Multiple choice social science government and taxes types of tax types of taxes government budget and taxation

Who of the following was appointed as the Additional Secretary in the Goods and Services Tax (GST) Council?

C.K Asnani
Monika Kapil Mohta
Mukund Choudha

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Question 10

Multiple choice social science government and taxes types of tax types of taxes government budget and taxation

Which of the following tax is imposed by the central government but collected and kept by the state governments?

Excise duty
Custom duty
Wealth tax

Reveal answer Fill a bubble to check yourself

Tag: government budget and taxation

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